Bitcoin and Cryptocurrency News and Updates

Bartolo Clayton, Malta’s newly appointed Parliamentary Secretary for Financial Resources, expressed his country’s interest in blockchain technology.  Clayton clarified the government’s status towards the major crypto exchange Binance, saying: “Binance has never been in possession [...] The post New Malta Government Says Still Interested in Blockchain Technology appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/new-malta-government-says-still-interested-in-blockchain-technology/

Huobi Group announced the launch of the Huobi Chain public testnet, an open-source public blockchain designed to provide a global, blockchain-based, digital financial infrastructure for assets. The high-performance decentralized finance (DeFi) chain is now live [...] The post Huobi Announces Launch of Huobi Chain Public Testnet appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/huobi-announces-launch-of-huobi-chain-public-testnet/

As digital currencies are cross-border and decentralization-dependent in their performance, so are cyber crimes, which are the main reason behind emergence of the term cybersecurity. Apparently, as development pace of creative ideas’ creators is increasing, [...] The post What Is Cybersecurity? appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/what-is-cybersecurity-and-its-relation-to-cryptocurrencies/

Blockchain company AVA Labs announced that it has acquired private investment platform Investery to expand further its operations. AVA Labs said that by enabling access to private asset platforms and the issuance of private financial [...] The post AVA Labs Expands Operations Via Private Investments Platform Acquisition appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/ava-labs-acquires-private-investments-platform-investery/

Dubai-based bank RAKBANK and BDO Unibank, a full-service universal bank in the Philippines, will use the payment ecosystem of Ripple to accelerate remittances to the Philippines. RAKBANK joined BDO to extend its activity in the [...] The post RAKBANK Expands Remittances Service To Philippines Through Ripple appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/rakbank-expands-remittances-service-to-philippines-through-ripple/

Corporate emergency plans are forcing staff to work remotely and other companies are refining their protocols for when coronavirus arrives at their doorstep. Since its launch, a number of cryptocurrency exchanges have favored dispersed labor [...] The post Crypto Firms Staff Work Remotely Responding to Coronavirus Outbreak appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/crypto-firms-staff-work-remotely-responding-to-coronavirus-outbreak/

Judge Judith Gibson allowed cryptocurrency use as collateral for legal costs as part of a defamation case submitted before the New South Wales, or NSW district court. “However, this is a recognised form of investment,” [...] The post Australian Judge Permits Usage Of Cryptocurrency As Collateral appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/australian-judge-permits-usage-of-cryptocurrency-as-collateral/

Ripple is developing a feature that could allow users to directly mint asset-backed tokens on top of XRP Ledger, the company’s tech chief said. Chief Technology Officer David Schwartz said in a company video released [...] The post Ripple’s Users To Mint Asset-Backed Tokens On XRP Ledger; Schwartz appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/ripples-users-to-mint-asset-backed-tokens-on-xrp-ledger-schwartz/

Bitfinex has announced that it has repaid another part of the loan facility to Tether, just hours after a major denial of service attack (DDoS) occurred. Bitfinex revealed in a Feb. 28 blog post that [...] The post Bitfinex Repays Another $100M Loan Facility to Tether appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/bitfinex-repays-another-100m-loan-facility-to-tether/

Japanese messaging giant Line has shut down its Singapore-based crypto exchange and relaunched it as a United States-based global, rebranded platform. The exchange team — which first launched as BitBox in Singapore back in 2018 [...] The post Japan’s Line Relaunches New US Crypto Exchange appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/japans-line-relaunches-new-us-crypto-exchange/

OKEx and Bitfinex Cryptocurrency exchanges suffered multiple denial of service attacks. Whether the attacks are connected is unclear as of now, though OKEx CEO has blamed the competitors on his personal Weibo page. On February [...] The post OKEx and Bitfinex Crypto Exchanges Suffer Distributed Denial of Service appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/okex-and-bitfinex-crypto-exchanges-suffer-distributed-denial-of-service/

Traders expect that the US Federal Reserve would cut interest rates target to deal with Bitcoin (BTC) post-halving. Wall Street traders already consider that the Fed cutting rates are more than 75 percent likely to [...] The post Fed Rate Cut Could Beat Bitcoin Inflation After Halving appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/fed-rate-cut-could-beat-bitcoin-inflation-after-halving/

Security token platform Dusk Network says it will tokenize shares in the Netherlands and the wider Benelux region for thousands of small and medium-sized enterprises (SMEs). The Amsterdam-based company has announced that it has partnered [...] The post Dusk Network To Tokenize Thousands of Dutch Companies’ Shares appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/dusk-network-to-tokenize-thousands-of-dutch-companies-shares/

Binance, one of the world’s largest crypto exchanges, announced that it has partnered with Shyft Network, public blockchain protocol, as it prepares to comply with the regulations of the Financial Action Task Force (FATF). The [...] The post Binance, Shyft Network Join Forces For KYC Data Sharing appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/binance-shyft-network-join-forces-for-kyc-data-sharing/

The Securities and Exchange Commission (SEC) has accused the 67-year-old actor Steven Seagal of promoting an initial coin offering (ICO) run by Bitcoiin2Gen without unveiling the amounts he received. The market watchdog has fined the [...] The post Famous Actor Steven Seagal Fined $314K by SEC for Touting ICO appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/famous-actor-asteven-seagal-fined-314k-by-sec-for-touting-ico/

FCoin, a crypto exchange based in China, has declared that it will officially resume operations. After the firm announced bankruptcy, a committee was formed, pledging eventually to return funds to customers. The crypto exchange will [...] The post Crypto Exchange FCoin Set to Resume Operations After Bankruptcy appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/crypto-exchange-fcoin-set-to-resume-operations-after-bankruptcy/

A U.S. court has decided today to allow a lawsuit alleging that Ripple has breached the securities laws to move forward. On Wednesday, Phyllis Hamilton, judge at Northern District Court of California, ruled that XRP [...] The post U.S. Court Allows Lawsuit Alleging XPR Unregistered Security to Proceed appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/u-s-court-allows-lawsuit-alleging-xpr-unregistered-security-to-proceed/

Crypto.com, a cryptocurrency platform based in Hong Kong, has announced entering into partnership with blockchain-based travel booking platform Travala.com. Under the deal, Crypto.com’s payment app will integrate into Travala.com. This will help offer a seamless [...] The post Crypto.com-Travala Partnership to Boost Cryptocurrency Adoption appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/crypto-com-travala-partnership-to-boost-cryptocurrency-adoption/

Dapper Labs, a blockchain firm famous for developing CryptoKitties app, has announced that it joined hands with Ultimate Fighting Championship (UFC). Under the agreement, both parties will provide UFC fans with opportunities to buy and [...] The post Dapper Labs Teams Up With UFC to Develop Digital Collectibles appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/dapper-labs-teams-up-with-ufc-to-create-digital-collectibles/

New York-based crypto brokerage firm Tagomi has announced its plan to join the Libra Association; the entity responsible for Facebook’s stablecoin. Accordingly, Tagomi will be the 22nd member in the association. The members will likely [...] The post Crypto Brokerage Firm Tagomi to Join Libra Association appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/crypto-brokerage-firm-tagomi-to-join-libra-association/

Node is one of the terms those interested in digital currencies space should know, as it is one of the basics of the process cryptocurrencies’ mining. A node is a point of intersection of a [...] The post What Is Node? appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/what-is-node-and-its-relation-with-blockchain-network/

Finland’s customs agency has been struggling with what to do with a bitcoin (BTC) horde that fears might end up being sold off in the hands of criminals. Finnish customs, known locally as Tulli, has [...] The post Finnish Customs Still Reluctant In Selling $15M In Seized Bitcoin appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/finnish-customs-still-reluctant-in-selling-15m-in-seized-bitcoin/

Some money transfer companies in South Korea have joined Ripple’s blockchain-powered RippleNet. RippleNet allows financial institutions to provide a quicker and more reliable way of sending money around the world. For many years, Korea’s remittance [...] The post South Korean Remittance Firms Join Blockchain-Powered RippleNet appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/south-korean-remittance-firms-join-blockchain-powered-ripplenet/

The People’s Bank of China (PBoC), the country’s central bank, has put off research on digital yuan, which was scheduled for the first quarter of 2020. Nevertheless, the launch of the central bank digital currency [...] The post China’s Central Bank Delays Research on Digital Yuan appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/chinas-central-bank-delays-research-on-digital-yuan/

Switzerland’s leading stock exchange, SIX Swiss Exchange, announced that it signed a partnership agreement with Omniex, a financial technology company that provides an institutional grade investment and trading platform specifically built for the needs of [...] The post SIX Exchange Inks Deal With Omniex To Access Crypto Exchanges appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/six-exchange-inks-deal-with-omniex-to-access-crypto-exchanges/

Moody’s Investors Service said that the new blockchain-based platform for Know Your Customer (KYC) in the UAE is credit positive for country’s lenders. According to The National, the ratings agency has said that the platform [...] The post UAE’s KYC Blockchain Platform Credit Positive; Moody’s appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/uaes-kyc-blockchain-platform-credit-positive-moodys/

The crypto market is declining sharply, with the currencies losing a large portion of their market cap. This raises concerns if the market would see the same scenario of 2019, where the correction wave has [...] The post Will Crypto Market See 2019 Scenario Once Again? appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/will-crypto-market-see-2019-scenario-once-again/

KuCoin, a global crypto exchange backed by IDG, today announced the Instant Exchange service, which will provide instant crypto transaction services for BTC, ETH, LTC, XRP, BCHABC and USDT. KuCoin Instant Exchange service is developed [...] The post KuCoin To Allow Crypto Transaction in Seconds Via Instant Exchange Service appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/kucoin-to-allow-swift-crypto-transaction-via-instant-exchange-service/

Newlife.ai, the decentralized social network, has chosen the Telos Blockchain Network to deploy its smart contracts, bringing with it more than 70,000 visits and more than 1.1 million monthly transactions. The Newlife.ai platform is affiliated [...] The post Telos Blockchain To Deploy Newlife.ai’s Smart Contracts appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/telos-blockchain-to-deploy-newlife-ais-smart-contracts/

BayanPay, an online payment services company, has obtained a license from Saudi Arabian Monetary Agency (SAMA) to operate in the kingdom. Accordingly, BayanPay became the first online gateway providing its services for small and medium-sized [...] The post BayanPay Licensed by SAMA to Operate in Saudi Arabia appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/bayanpay-licensed-by-sama-to-operate-in-saudi-arabia/

The Bitcoin technology market is expected to rise at a CAGR of 8.3% over the coverage period from 2019 to 2024, according to a recent report by Reportlinker.com. The report issuer cited the fact that [...] The post Bitcoin Technology Market Seen Rising at CAGR of 8.3% appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/bitcoin-technology-market-seen-rising-at-cagr-of-8-3/

NIGMA Conseil, a Blockchain security firm located in France, has concluded an agreement with the AIT Austrian Institute of Technology to combat crypto crimes. Both parties have worked to boost the blockchain analytics and anti-money [...] The post French-Austrian Tech Collaboration Aims to Fight Crypto Crimes appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/french-austrian-tech-collaboration-aim-to-fight-crypto-crimes/

Nornickel, the Russian giant in mining and smelting, has taken yet another step towards issuing metal-backed tokens on Atomyze, a blockchain platform based in Hyperledger. The platform is now being launched to test alongside a [...] The post Russia’s Nornickel Starts Testing Metal Tokenization Platform appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/russias-nornickel-starts-testing-metal-tokenization-platform/

Revolut, the London-based bank that allows users to buy cryptocurrencies through its application, has raised more than $500 million in a Series D funding round. Revolut announced the round Tuesday, led by Silicon Valley venture [...] The post Revolut Bank Raises $500M In Series D Funding Round appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/revolut-bank-raises-500m-in-series-d-funding-round/

The Bureau of Economic Analysis (BEA) of the U.S. Commerce Department has proposed a rule change to a benchmark survey that would require all U.S. financial services companies to report if they carried out cross-border [...] The post BEA Seeks Firms Survey on Crypto Usage Outside The States appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/bea-seeks-firms-survey-on-crypto-usage-outside-the-states/

Sweden’s central bank (known as Riksbank) began testing its central bank digital currency (CBDC) named ‘e-korna’ to show how the public will use it. The CBDC pilot will be based on distributed ledger technology (DLT) [...] The post Sweden’s Central Bank Tests Central Bank Digital Currency appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/swedens-central-bank-tests-central-bank-digital-currency/

Singapore’s Court of Appeals has ruled in the first dispute involving cryptocurrency, ordering the crypto exchange Quoine to pay damages to cryptocurrency liquidity provider B2C2. The court turned down Quoine’s appeal, in which the company [...] The post Singapore’s Court Turns Down Quoine’s Appeal in Crypto Lawsuit appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/singapores-court-turns-down-quoines-appeal-in-crypto-lawsuit/

The Bitcoin Association has designated Ella Qiang as the latest of its Asian managers. Based in Singapore, Ella is set to advance Bitcoin Satoshi Vision (BSV) growth across Southeast Asian countries. Her work will help [...] The post Bitcoin Association Names New Southeast Asia Manager to Grow Bitcoin SV appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/bitcoin-association-names-new-southeast-asia-manager/

New Zealand’s tax authority has issued new proposals on the Cryptocurrencies-related goods and services tax (GST) policy and is seeking public feedback on the issue. New Zealand’s Inland Revenue Department (IRD) released a paper that [...] The post New Zealand Suggests Tax-Free Crypto To Promote Growth appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/new-zealand-suggests-tax-free-crypto-to-promote-growth/

Boerse Stuttgart, a stock exchange based in Germany, has announced today listing an exchange-traded product (ETP) that is inversely correlated with the price fluctuations of cryptocurrencies. The ETP product was issued crypto fund manager 21Shares. [...] The post Germany’s Boerse Stuttgart Lists First Short Bitcoin appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/germanys-boerse-stuttgart-lists-first-short-bitcoin/

Saudi Arabia is one of the top three countries in the Middle East and Africa in terms of readiness towards a digital economy, a recent study by Cisco showed. The study has included information from [...] The post Saudi Arabia Ranks 3rd in Digital Readiness across MEA – Study appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/saudi-arabia-ranks-3rd-in-digital-readiness-across-mea-study/

Japan-based crypto exchange Coincheck has announced that it will support trading cryptocurrency Qtum (QTUM) on its platform soon. The exchange currently supports a total of 11 cryptocurrencies. Thus, it will allow users to buy, sell, [...] The post Japan’s Crypto Exchange Coincheck Set to Add Qtum appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/japans-crypto-exchange-coincheck-to-add-qtum-soon/

CoolBitX, Taiwan-based blockchain security startup, has announced securing $16.75 million in series B funding round. Accordingly, the company has raised $30.25 million to date: $500,000 from seed funding round, $13 million from Series A and [...] The post Coolbitx Secures $16.75M in Series B to Boost Expansion appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/coolbitx-secures-16-75m-in-series-b-to-boost-expansion/

Altcoin mining pool 2Miners reported that Bitmain’s Antminer E3, once the “world’s most powerful” hardware for mining Ether (ETH), will allegedly stop Ethereum mining in April 2020. 2Miners revealed the news after its team asked [...] The post Bitmain’s Antminer E3 To Stop Ethereum Mining In April, Report appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/bitmains-antminer-e3-to-stop-ethereum-mining-in-april-report/

Celsius Network, the industry-leading interest income platform,  announced in its quarterly update that it has more than doubled its interest payments in three months. This is another signal of the crypto lending industry’s continued growth, [...] The post Celsius Total Paid Crypto Loan Interest Hit $11M appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/celsius-total-paid-crypto-loan-interest-hit-11-million/

Sarah John, Chief cashier of the Bank of England (BoE), said that central banks have to research digital currencies so they can strike a balance with private issuers. She said it was “really important” that [...] The post BoE Official Says Considering Digital Currencies ‘Crucial’ for Central Banks appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/boe-official-says-considering-digital-currencies-crucial-for-central-banks/

The fork is one of the most important terms used in the blockchain space. The fork is what happens when a blockchain diverges into two separate chains, whether temporarily or permanently. The fork is simply [...] The post What Is Blockchain Fork? appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/what-is-blockchain-fork/

The Securities and Exchange Commission (SEC) will either approve or reject Wilshire Phoenix’s Bitcoin ETF this week. However, the crypto community is not keeping up its hopes since the market watchdog has rejected ETF applications [...] The post US Market Regulator SEC to Decide on Fate of Bitcoin ETF This Week appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/us-market-regulator-sec-to-decide-fate-of-bitcoin-etf-this-week/

G20 finance ministers and central bankers are pushing for wider adoption of regulations that compel cryptocurrency exchanges to disclose user information, following a summit held in Saudi Arabia’s capital Riyadh. Representatives of financial institutions from [...] The post G20 Urges Countries To Implement FATF’s Crypto Standards appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/g20-urges-countries-to-implement-fatfs-crypto-standards/

Representatives of some central banks presented their initiatives around the central bank digital currencies (CBDCs) in the one-day conference that was held in Kyiv, Ukraine last week. The event was hosted by the National Bank [...] The post Central Bank Representatives Discuss CBDC Project appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/central-banks-representatives-discuss-cbdc-project/

Binance, one of the world’s largest crypto exchanges, opened a fiat gateway for dollars in Hong Kong. Binance said Monday that users will be able to deposit and withdraw Hong Kong dollars for trading against [...] The post Binance Opens Hong Kong Dollar Fiat Gateway Through Epay appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/binance-opens-hong-kong-dollar-fiat-gateway-through-epay/

Network International, a premier provider of digital trade support services, has signed an agreement with Tencent Holdings, the developer of WeChat Pay, under which merchants in the UAE can use the WeChat Pay service. Paul [...] The post Network International Launches WeChat Pay Service in UAE appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/network-international-launches-wechat-pay-service-in-uae/

The New Jersey state legislature is now considering a new bill requiring cryptocurrency businesses to get a proper operating license. The Digital Asset and Blockchain Technology Act was proposed by Assemblywoman Yvonne Lopez on 20 [...] The post New Bill In New Jersey Regulating Cryptocurrencies appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/new-bill-in-new-jersey-regulating-cryptocurrencies/

Lending and borrowing in the crypto space are increasing, which draws regulators’ attention to impose interest on the digital assets. Although the issue is still under discussion, the increasing number of lending platforms may encourage [...] The post What Is Impact of Imposing Interest Rate on Digital Assets? appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/what-is-impact-of-imposing-interest-rate-on-digital-assets/

IOTA, a Berlin-based non-profit foundation, has announced that it would resume operations by 2 March.   The foundation halted its operations after some of its highest-value users faced a wallet hack. Most importantly, IOTA said [...] The post IOTA May Resume Operations 2 March After $2M Wallet Hack appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/iota-may-resume-operations-2-march-after-2m-wallet-hack/

The National Bank of Ras Al-Khaimah (RAKBANK) has entered into partnership with Philippines-based BDO Unibank to improve its remittance business in Philippines. Through its RAKMoneyTransfer (RMT), the UAE-based bank will offer instant and secure transfer [...] The post RAKBANK Uses RippleNet to Improve Remittance Services appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/rakbank-uses-ripplenet-to-improve-remittance-services/

Major banks in the UAE are adopting digital services to compete in the maturing blockchain industry that has growing customer needs, according to a recent study by Bloomberg Intelligence. The study highlighted the importance of [...] The post Major UAE Banks Adopt Digital Services to Increase Market Share – Study appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/major-uae-banks-adopt-digital-services-to-increase-market-share-study/

The Arab Monetary Fund (AMF) has launched Buna Payment Platform to enhance the financial integration opportunities. In addition, the move aims to boost economic and investment ties with trading partners in the Arab world, according [...] The post Arab Monetary Fund Rolls Out Buna Payment Platform appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/arab-monetary-fund-rolls-out-buna-payment-platform/

Halving is one of the major events occupying the minds of crypto community currently, and it means slashing the rewards given to Bitcoin miners. The process is mainly aimed at reducing the reward of miners [...] The post What Is Bitcoin Halving? appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/what-is-bitcoin-halving/

Bitsa, a prepaid card startup based in Italy, has announced expanding its business by supporting altcoin Monero (XMR).  The move allows XMR users to easily make payments and transfers. Despite being user-unfriendly, Monero is a [...] The post Italy’s Prepaid Card Startup Bitsa Supports Altcoin Monero appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/italys-prepaid-card-startup-bitsa-supports-altcoin-monero/

Japan plans to join the countries seeking to benefit from the central bank digital currencies (CBDCs). China would be the first country to launch a CBDC named digital Yuan. However, several central banks are initiating [...] The post Japan Joins Countries Seeking to Issue Digital Currencies appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/japan-joins-countries-seeking-to-issue-digital-currencies/

An international cryptocurrency conference kicks off today in the North Korean capital, Pyongyang. According to the conference agenda, it will be convened during the period from 22-29 February 2020. However, by holding the conference, does [...] The post North Korea Defies The World With Crypto Conference, Encrypts Attendees, Excludes 3 Nations appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/north-korea-defies-the-world-with-crypto-conference/

Digital commerce platform Shopify announced that it has joined the Libra Association, becoming the latest member of the stablecoin developer founded on Facebook. Shopify joins approximately a month after Vodafone withdrew from the organization to [...] The post E-Commerce Giant Shopify Becomes Member of Facebook’s Libra appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/e-commerce-giant-shopify-becomes-member-of-libra-association/

Peer-to-peer networks are a type of distributed information systems, exchange or sharing of information, data, or assets between parties without the involvement of a central authority. In other words, computer devices connected in the peer-to-peer [...] The post What Are Peer-To-Peer Networks? appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/what-are-peer-to-peer-networks-and-its-use-in-blockchain/

The Malta Financial Services Authority (MFSA) claims that major cryptocurrency exchange Binance has never been approved to operate in the country. MFSA released a public statement saying that Binance “is not authorized by the MFSA [...] The post MFSA Says Binance Is Not Authorized to Operate in Malta appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/mfsa-says-binance-is-not-authorized-to-operate-in-malta/

Belgium’s Financial Services and Markets Authority (FSMA) has updated its blacklist of cryptocurrency-related websites associated with fraudulent activity. According to FSMA announcement, the watchdog made the update following a number of complaints from Belgian-based users [...] The post Belgian Watchdog Updated Blacklist Of Crypto-Related Businesses appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/belgian-watchdog-updated-blacklist-of-crypto-related-businesses/

The Cyprus Securities and Exchange Commission (CySEC) recently published a report on the ongoing activities of its Innovation Hub, a cooperative entity which was launched in October 2018 as a platform for engagement between CySEC [...] The post Cyprus SEC Embraces Blockchain Despite Crypto’s Unregulated Status appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/cyprus-sec-embraces-blockchain-despite-cryptos-unregulated-status/

Chainalysis, the blockchain analytics agency, has collaborated with CoinField to provide an Anti-Money Laundering compliance solution for the crypto-currency exchange. CoinField will use KYT (Know-Your-Transaction) chainalysis tools to identify and prevent real-time money laundering and [...] The post CoinField Enters Partnership With Chainalysis For Crypto Solution appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/coinfield-enters-partnership-with-chainalysis-for-crypto-solution/

Investment bank Morgan Stanley is acquiring E*Trade Financial Corp., , the online brokerage and financial services provider, in a $13 billion deal. A Huge Deal The acquisition would give Morgan Stanley an inroad with the [...] The post Morgan Stanley Acquires E*Trade For $13B appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/morgan-stanley-acquires-financial-firm-etrade-for-13b/

The US Internal Revenue Service (IRS) is hosting a summit to discuss the tax implications of crypto early this March. However, meaningful clarification on the treatment of bitcoin is not expected as the agency continues [...] The post Crypto Summit To Be Held In March As IRS Seeks Better Regulation appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/crypto-summit-to-be-held-in-march-as-irs-seeks-better-regulation/

Money is one of the things that all of us spend a lot of effort and sacrifice our comfort to earn. How to preserve that money is another stage of fatigue and effort we made. [...] The post What Are Safe Havens? appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/what-are-safe-havens-and-how-beneficial-for-investors/

Binance CEO said the Bitcoin price has not yet adjusted to the imminent halving event. Changpeng Zhao indicated that the world’s largest cryptocurrency will gain more momentum in the near term. He added that the [...] The post Bitcoin Price Not Adapted to Upcoming Halving, Says Binance CEO appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/bitcoin-price-not-adapted-to-upcoming-halving-says-binance-ceo/

Ripple CEO Brad Garlinghouse seeks to ensure bankers about crypto industry and its bright future. In an interview with CNN, Garlinghouse said: “Once regulators understand you’re not circumventing regulatory frameworks they get very comfortable very [...] The post Ripple’s Garlinghouse Seeks to Demolish Fears Over Cryptocurrencies appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/ripples-garlinghouse-seeks-to-demolish-fears-over-cryptocurrencies/

The Central Bank of Brazil (BCB) plans to roll out a new instant payment platform dubbed ‘PIX’ in November. The system will provide payments across the clock through internet banking, ATMs and mobile apps. According [...] The post Brazil’s C.bank Set to Launch Instant Payment Platform appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/brazils-c-bank-set-to-launch-instant-payment-platform/

National Stock Exchange of Australia (NSX) and iSignthis (ISX) have established a joint venture named “ClearPay Pty Ltd”. Therefore, the entity will create a multi-currency platform based on distributed ledger technology (DLT). In addition, it [...] The post Australia’s Stock Exchange Mulls DLT Platform with iSignthis appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/australias-stock-exchange-mulls-dlt-platform-with-isignthis/

The European Union (EU) is currently unable to decide what to do with Libra; the digital currency which Facebook is expected to issue this year. For his part, Valdis Dombrovskis, Executive Vice-President of the European [...] The post European Union Says Can’t Figure Out What Do With Facebook’s Libra appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/european-union-says-cant-figure-out-what-do-with-facebooks-libra/

For companies wishing to list protection tokens on the Jamaican Stock Exchange (JSE), Blockstation, a Canadian digital asset trading system company, has developed a fast-track disclosure filing process. Disclosure Tool To Streamline Regulatory Disclosures Announced [...] The post Blockstation Develops Disclosure Tool for Security Token Issuers on JSE appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/disclosure-tool-for-security-token-issuers-on-jamaica-stock-exchange-by-blockstation/

As long as this capsule is about currencies and transactions, so we need to talk about portfolio, wallet, safe box, or any of the tools in which we save or keep money. And as we [...] The post What is Digital Wallet? appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/what-is-digital-wallet/

The Securities and Exchange Commission announced that it has settled charges against blockchain technology startup Enigma MPC for conducting an unregistered offering of securities in the form of an initial coin offering (ICO). Funds Paid [...] The post Enigma Project Settles SEC Charges Over $45M Token Sale appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/enigma-project-settles-sec-charges-over-45m-token-sale/

The UAE is continuing its efforts to boost the blockchain industry. The Department of Economic Development (DED) has formed a blockchain-based consortium with six leading banks. The ‘Know Your Customer (KYC)’ project aims to accelerate [...] The post Dubai to Unveil KYC Blockchain Platform in Q1-20 appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/dubai-to-unveil-blockchain-powered-platform-in-q1-20/

Binance, a leading cryptocurrency exchange located in Malta, has stopped trading on its platform to resolve a technical issue. The company has stated that it halted most of its operations due to unplanned system maintenance. [...] The post Binance Temporarily Suspends Trading on Technical Issue appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/binance-temporarily-suspends-trading-on-technical-issue/

Major US cryptocurrency exchange Coinbase based in San Francisco announced that it has been approved as a Visa principal member. First Pure-Play Crypto Firm to Join Visa The firm said on its blog that the [...] The post Coinbase Joins Visa As Principal Member appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/coinbase-becomes-first-pure-play-crypto-firm-to-join-visa/

Contents Protocol, a content exchange based in South Korea, has announced that it will end its operations due to lack of regulatory uncertainty. Accordingly, the company will return 26,877 Ethereum (ETH) worth nearly $7.5 million [...] The post Contents Protocol to Shut Down, Return $7.5 M to Investors appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/contents-protocol-to-shut-down-return-7-5-m-to-investors/

Kuwait Finance House – Bahrain (KFH-Bahrain) has allowed its GCC customers to open banking accounts through KFH Jazeel Banking app in just few minutes. KFH, which is one of the leading Islamic banks in Bahrain, [...] The post KFH Bahrain Allows Customers to Open Accounts through Digital Platform appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/kfh-bahrain-allows-customers-to-open-accounts-through-digital-platform/

Northern Data, one of the largest blockchain solution providers, has entered into a strategic partnership with crypto mining giant Canaan Inc., to work across several fields. Under the agreement, the two parties will collaborate in [...] The post Northern Data Inks Strategic Agreement with Crypto Mining Giant Canaan appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/northern-data-inks-strategic-agreement-with-crypto-mining-giant-canaan/

Paxful, a peer-to-peer crypto exchange, expects 2020 to be a prominent year for the African crypto industry. The company believes that Africa can become a pioneer in improving Bitcoin skills. Thus, it aims to increase [...] The post Paxful Paints Rosy Outlook for African Crypto Industry in 2020 appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/paxful-paints-rosy-outlook-for-african-crypto-industry-in-2020/

Tokenomica, a Malta-based crypto-asset exchange, has announced crypto-currency trading for large participants through over – the-counter, or OTC. The exchange announced in its blog that it is also provides users the ability to trade large [...] The post Tokenomica Announces Crypto-to-Euro Trading Through OTC appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/tokenomica-announces-crypto-to-euro-trading-through-otc/

BitGo said it has acquired Harbor, a security token platform best known for a failed tender to offer tokenized shares of an apartment building in South Carolina, the crypto-custodian announced Tuesday. Harbor’s affiliates, which include [...] The post BitGo Announces Takeover of Security Token Platform Harbor appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/bitgo-announces-takeover-of-security-token-platform-harbor/

In a new financial regulation proposal, Michael Bloomberg, the US billionaire who is running for presidency, suggested the development of a regulatory framework for cryptocurrencies. Clear Regulatory Framework For Crypto is Needed Bloomberg’s campaign published [...] The post ‘Clear Regulatory Framework’ For Crypto Proposal By US Presidency Runner appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/clear-regulatory-framework-for-crypto-proposal-by-presidency-runner/

A price feed from the ethereum-based bZx lending project exploited causing bad actors to gain $630,000 worth of ether (ETH) cryptocurrency. The second in less than a week, the attack started at just after 03:00 [...] The post DeFi Project bZx Loses $630K in Ether After Exploited By Flash Loan appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/defi-project-bzx-loses-630k-in-ether-after-exploited-by-flash-loan/

We will talk in this capsule about the topnotch blockchain technology which all authorities around the globe seek to adopt. It will come the day when those who do not utilize this technology will be [...] The post What Is Blockchain or ‘Unknown Hero’? appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/what-is-blockchain-or-unknown-hero/

Zhang Jian founder of Chinese cryptocurrency exchange FCoin revealed that the crypto exchange platform is unable to pay back $125 million owed to customers in crypto deposits. Through the blog post on the FCoin website [...] The post China’s FCoin Exchange Can’t Pay Back $125M For Users appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/chinas-fcoin-exchange-cant-pay-back-125m-for-users/

Deribit, cryptocurrency derivatives exchange located in Panama, has listed daily ether (ETH) options. The platform announced in a tweet that the new product will have $5 strike price intervals and can be traded daily at [...] The post Deribit Exchange Launches Daily Options of Ether appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/deribit-derivatives-exchange-launches-daily-options-of-ether/

The Union of European Football Associations (UEFA) announced its plan to adopt a blockchain-based ticketing system. The association aims to distribute more than one million match tickets via a blockchain-based mobile app. The UEFA indicated [...] The post UEFA to Adopt Blockchain-Based Ticketing System appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/uefa-adopts-blockchain-based-ticket-distribution-system/

The Bitcoin Cash (BCH) community have split once again as the initiative to implement a miner tax has been confirmed. However, a large number of BCH enthusiasts are worried about the decision. For dissidents, the [...] The post Controversy Continues in Bitcoin Cash Community on Miner Tax appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/controversy-continues-in-bitcoin-cash-community-on-miner-tax/

Ripple’s CEO Brad Garlinghouse said in an interview with CNN’s Julia Chatterly Ripple aims to become the crypto industry’s Amazon within five years. Ripple Has Similar Potential Like Amazon He mentioned the incredible rise of [...] The post Garlinghouse Sees Ripple As Amazon Of Cryptocurrencies By 2025 appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/garlinghouse-sees-ripple-as-amazon-of-cryptocurrencies-by-2025/

Euro Pacific Capital CEO Peter Schiff said those who did not follow his advice, and invested in Bitcoin (BTC) almost 10 years ago managed to make strong profits. Schiff expected the Bitcoin to become a [...] The post Peter Schiff Confirms ‘Bitcoin Would Never Succeed As Money’ appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/peter-schiff-confirms-bitcoin-would-never-succeed-as-money/

Copper, a company based in London providing crypto custody services, has secured $8 million in a Series A round. Thus, the company will use the fund raising proceeds to expand its operations in new markets [...] The post Crypto Custody Provider Copper Secures $8M for Expansion appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/crypto-custody-provider-copper-secures-8m-for-expansion/

Russia’s central bank has finally completed the experimental test of blockchain technology. Thus, it seems that Russia has outperformed China in this regard, especially as the latter has doubled its views on the future of [...] The post Russia’s Central Bank Completes Pilot Test of Blockchain appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/russias-central-bank-completes-pilot-test-of-blockchain/

The term mining is usually defined as the extraction of valuable minerals or other geological materials from the Earth, which has been a human activity since pre-historic times. However, in the modern era it has [...] The post What is Cryptocurrency Mining? appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/what-is-the-process-of-digital-currencies-mining/

Binance, one of the world’s largest crypto exchanges with headquarters in Malta, has applied for an operating license in Singapore in an attempt to expanding its user base while complying with regulations. Recently, the Singapore [...] The post Binance Applies For Operating License in Singapore appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/binance-applies-for-operating-license-in-singapore/

Crypto experts say that the price of Bitcoin (BTC) will hit the coveted $100,000 mark before the end of 2020, while others assume that in its early stages there will be a new bull run [...] The post Crypto Analysts Expect Bitcoin Price At $100k Before 2020 End appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/crypto-analysts-expect-bitcoin-price-at-100k-before-2020-end/

The money transfer giant MoneyGram, launched FastSend, a new service that would allow real-time money sending, but will not use cryptocurrency XRP or Ripple’s technology The blockchain company Ripple is one of its largest partners [...] The post MoneyGram Replaces Ripple’s Real-Time Remittance Tech With Visa’s appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/moneygram-replaces-ripples-real-time-remittance-tech-with-visas/

Binance, a global cryptocurrency exchange, announced on Sunday that its future trading platform, Binance Futures, launched a perpetual NEO contract (currently the 19th most valuable cryptoasset by reported market cap). Binance Describes NEO According to [...] The post Binance Futures Launching Perpetual Contract for NEO appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/binance-trading-platform-to-launch-neo-futures/

Electronic currencies refer to the money deposited in a banking account in either local or foreign currencies. Once the money is deposited, it becomes an electronic currency, and can be exchanged through electronic debit or [...] The post What Are Electronic Currencies? appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/what-are-electronic-currencies/

With the outbreak of coronavirus, several countries took tough measures to control it. Following the epidemic’s devastating impact on people’s health, the crypto community has recently seen the launch of coronavirus-backed coin CoronaCoin (NCOV). The [...] The post Crypto Community Sees Birth of Coronavirus-Backed CoronaCoin appeared first on Cryptolydian - Bitcoin, Blockchain and Cryptocurrencies News . source https://cryptolydian.com/crypto-community-sees-birth-of-coronavirus-backed-coronacoin/